Shares of Ducommun Incorporated (NYSE:DCO) have been given an average rating of “Buy” by the seven analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $39.75.

A number of equities research analysts recently issued reports on DCO shares. ValuEngine raised shares of Ducommun from a “hold” rating to a “buy” rating in a report on Thursday, June 28th. B. Riley upped their price objective on shares of Ducommun from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Zacks Investment Research raised shares of Ducommun from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Wednesday, August 8th. Finally, Noble Financial raised shares of Ducommun from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Tuesday, August 7th.

In related news, Director Robert C. Ducommun sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $40.76, for a total value of $203,800.00. Following the completion of the sale, the director now owns 413,745 shares of the company’s stock, valued at $16,864,246.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in Ducommun by 165.7% in the first quarter. JPMorgan Chase & Co. now owns 6,760 shares of the aerospace company’s stock valued at $205,000 after buying an additional 4,216 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Ducommun in the first quarter valued at about $210,000. First Trust Advisors LP lifted its position in Ducommun by 18.5% in the second quarter. First Trust Advisors LP now owns 11,738 shares of the aerospace company’s stock valued at $388,000 after buying an additional 1,836 shares during the last quarter. Bessemer Group Inc. lifted its position in Ducommun by 437.5% in the second quarter. Bessemer Group Inc. now owns 12,900 shares of the aerospace company’s stock valued at $427,000 after buying an additional 10,500 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in Ducommun in the second quarter valued at about $790,000. 80.26% of the stock is currently owned by institutional investors.

Shares of Ducommun stock traded down $0.32 during trading hours on Wednesday, reaching $38.60. 349 shares of the company’s stock were exchanged, compared to its average volume of 40,158. Ducommun has a 1 year low of $25.06 and a 1 year high of $41.40. The firm has a market capitalization of $465.64 million, a price-to-earnings ratio of 29.02 and a beta of 0.93. The company has a quick ratio of 1.54, a current ratio of 2.38 and a debt-to-equity ratio of 0.92.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Monday, August 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.17). Ducommun had a net margin of 3.13% and a return on equity of 6.87%. The firm had revenue of $154.83 million during the quarter, compared to analysts’ expectations of $148.53 million. During the same period in the prior year, the company posted $0.33 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, research analysts anticipate that Ducommun will post 1.66 EPS for the current fiscal year.

Ducommun Company Profile

Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.

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